The Dubai Integrated Economic Zones Authority (DIEZ) has introduced a package of flexible economic measures to support businesses operating across its zones.
The initiative aims to help companies navigate current conditions, while strengthening business continuity and operational resilience.
The measures apply immediately across DIEZ’s three zones — Dubai Airport Freezone, Dubai Silicon Oasis and Dubai CommerCity.
They include rent flexibility, with the option to pay in monthly instalments, along with a full waiver of instalment-related fees, as well as the stabilisation of rental rates upon renewal.
Selected administrative fees, including late licence renewal penalties, will also be waived until conditions stabilise.
Additional support includes a three-month deferral of fees related to shareholder amendment and licence activity amendments, along with a waiver of fees associated with company restructuring and authorised capital amendments.
Officials say the move aligns with Dubai’s broader strategy to support the business community, enhance competitiveness and reinforce its position as a leading global investment hub.
French luxury group LVMH has agreed to sell fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III Apparel Group, which are raising up to $850 million to fund the deal, the companies said on Thursday.
India on Thursday tightened rules for duty-free gold imports for jewellery exports by capping imports at 100 kg per licence, the government said in an order.
The US Senate on Wednesday voted to confirm Kevin Warsh as the chair of the Federal Reserve, paving the way for the lawyer, financier and former central-bank governor to take the reins of the Fed.
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